Monthly Archives: <span>May 2000</span>

WATCHDOG BILL ON HOLD

Assembly Bill 1738, the bill that would form a consumer “watchdog” association for the insurance industry, didn’t get far in the California Senate Appropriations Committee. The bill was placed in the “suspense file” on May 15 for further examination of …

FRONTIER TO SELL REGENCY

Frontier Insurance Group has entered into a definitive agreement to sell Regency Insurance Company to Tomoka Re Holdings Inc., an affiliate of Tower Hill Insurance Group. Located in Charlotte, N.C., Regency underwrites specialty personal lines and markets nonstandard auto and …

COURT RULES FOR ACE

The Superior Court of the State of California recently made a ruling favorable to ACE Ltd. in a lawsuit brought about by subsidiaries of AIG and Chubb. The lawsuit focused on a restructuring plan implemented in 1996 by INA Financial …

AAMGA Members focus on Education, Honoring Industry Leaders

Attendees at this year’s Association of Managing General Agents (AAMGA) Annual Meeting in Orlando were treated to four days full of networking and educational opportunities-not to mention illuminating speakers and dazzling entertainers, all nestled in the lush setting of the …

Volunteer Workforce,Lifeblood of the Nonprofits, Need Special Coverages

Volunteers-without them, most nonprofit organizations would not exist. They are the common soil in which most mainstream nonprofits are planted, providing services in countless different areas. Yet although property/casualty coverages are fairly easy to find in today’s soft market, volunteers …

Frazier Finds Ultimate Success as ‘Small Agent in a Small Town’

In his nearly 50 years in the insurance industry, George Frazier never expected to receive an award from the President of the United States. That the President would be his boyhood friend from Arkansas, Bill Clinton, was even further fetched. …

Latin American Agents Assoc. Gathers for Inaugural Trade Fair

The Latin American Agents Association (LAAA) will hold its first annual trade fair, “La Feria de Seguros,” on June 2-4 in Los Angeles County. LAAA first came together in January 1999 in order to provide Hispanic brokers and agents with …

AFP Survey Finds Internet Use for Insurance Industry On the Rise

With the widespread use of the Internet, a growing number of organizations have developed Web sites to perform many functions, ranging from obtaining information to e-commerce. Still, U.S. corporations today make minimal use of the Internet for their commercial insurance …

Lloyd’s Presents Strong Defense Against Names in Jaffray Case

For the past two months, Lloyd’s has been presenting evidence in the Jaffray case before Mr. Justice Cresswell in London, defending itself against allegations of fraud made by more than 200 “Names” (IJ March 20 and April 17). According to …

SCHOOL RULES FOR THE NEW MILLENNIUM: School Districts Face New Risks from the Playground to the Clas

With the new millennium comes a complex array of challenges to America’s public schools. Among them are the need to improve academic performance, reduce overcrowded classrooms, meet the needs of a growing number of children with disabilities, curtail dropout rates, …